Economic Status of Older Asians in the United States

Data from the 5-percent Census 2000 Public Use Microdata were utilized to examine the economic status of six Asian-only groups in the United States aged 65 and older. Japanese Americans’ economic status emulated that of older Whites; whereas, older Korean and Vietnamese economic status more closely resembled that of older Blacks. Regression results indicated that education, household size, and duration of immigration were significantly and positively related to household income for most of the Asian-only groups, supporting the theory that human capital, structural barriers, and acculturation all play a role in determination of household income for older Asian Americans.

How do health shocks influence retirement decisions?

The financial viability of the nation’s Medicare and Social Security programs has come into question as older adult workers, in particular members of the baby-boomer generation, begin to voluntarily retire. Obviously, any deterioration in the health of older adults will inevitably increase pressure on the Medicare system. However, if older adults respond to changes in their health by reducing their labor supply, than this will also increase demand for the Social Security system. Using data on married and employed couples from the Health and Retirement Study (HRS), this paper determines how the labor supply of each member of a married couple is influenced by changes in the health, assets and medical expenditures of the other member of the couple. Therefore, adding to the extant literature as we determine how the labor supply of an individual responds to health shocks visited on their spouse. We find that the labor supply of both males and females is influenced by their own health shocks and health shocks suffered by their spouses.

Households’ precautionary behaviors—the effects of the introduction of National Health Insurance in Taiwan

By reducing risk of large out-of-pocket medical expenses, comprehensive social health insurance may reduce households’ motivation to engage in precautionary behaviors such as saving, procurement of private insurance, and spousal labor-force participation. We use the natural experiment provided by the 1995 introduction of National Health Insurance in Taiwan to examine these effects, using pre-existing differences in access to health insurance (tied to the household head’s and spouse’s joint employment status) to identify the effects of increasing insurance coverage. We find that comprehensive health insurance has a statistically significant and large effect on household savings, but no significant effects on purchase of private accident insurance and spousal employment.

Business Diversification in the Securities Industry: Implications for the Exchanges

The growth strategies of the listed exchanges affect the morphology of the securities industry as they are focused on the consolidation of trading infrastructures and, on the other hand, on the diversification of the business model. New “conglomeral exchanges” are characterized by a far-reaching production function. Since they integrate product-service lines which are complementary, they potentially herald competitive distorsions limiting the investor’s freedom of choice and prejudicing the interest for the best result from the investment.

Reduced prizes and increased effort in contests

We study the general class of two-player public-policy contests and specify the asymmetry condition under which a more restrained government intervention that reduces the contestants’ prizes has the “perverse” effect of increasing their aggregate lobbying efforts.

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Chinese Contract Law and the Economic Reform

China’s previous contract laws had many contradictions and failed to meet the needs of China’s developing market economy. Although some problems still need to be dealt with, the unified contract law is more advanced, systematic and plays an important role in fostering and encouraging transactions.

The Monster Within: Countertransference Reflections on a Gay Adolescent’s Struggle with Sexual Identity

This paper concerns the author’s countertransference reflections on her work with a gay adolescent who identifies with powerfully destructive internal objects, including Hitler and the Monster. The author describes her countertransference inquiry through which she experiences her own potential destructiveness in order to help accommodate her adolescent patient’s rejected and disowned self states.

Labor Force Supply Decisions of Rural Low-Income Mothers

Employment is crucial to the economic well-being of families. Using a multi-state sample of 412 rural low-income mothers, our study identifies factors influencing two employment decisions they make: labor force entry and number of hours supplied. A logistic regression model correctly predicted 80% of mothers’ work participation decisions. Employed mothers were older, better educated, and less likely to suffer from depression; as well as, more likely to have a driver’s license and receive child care assistance and the Earned Income Tax Credit. An estimated labor supply function explained 33% of the variation in hours worked by the 208 employed rural mothers. Higher wages, availability of health insurance, and overtime benefits predicted the number of hours they were willing to work.

Transference Enactments in Clinical Supervision

Transference enactments play a central role in clinical supervision regardless of whether supervisors or supervisees consciously recognize or acknowledge their presence. Supervisors who do recognize enactments better understand the core issues that interfere with supervisees’ capacity to relate therapeutically to patients. Supervisory process is markedly enhanced when supervisors consciously study manifestations of transference within the supervisory relationship and respond to them correctively. Corrective interventions, whether purposeful or unintentional, expand supervisees’ relational and self-reflective capacities.

The connection between maternal employment and childhood obesity: inspecting the mechanisms

This paper investigates the channels through which maternal employment affects childhood obesity. We use time diaries and interview responses from the Child Development Supplement of the Panel Study of Income Dynamics which combines information on children’s time allocation, children’s BMI, and mother’s labor force participation. We find some evidence that supervision and nutrition play significant but small roles in the relationship between maternal employment and childhood obesity. Although the difference in the effect of maternal employment varies by mother’s education, we find few differences in the mechanisms by mother’s education.

Self-Employment,Work–Family Fit and Mental Health Among Female Workers

We used the 2002 National Study of the Changing Workforce to investigate the effects of work type on women’s lives. Specifically, we hypothesized that self-employed women have better work–family fit than organizationally employed women. We also hypothesized that as a result of better work–family fit, self-employed women would report better mental health than organizationally employed women. The analysis shows limited support for the hypotheses. Of the different dimensions of work–family fit, self-employment directly influenced only job to home facilitation. Work type had no direct influence on mental health. It appears that work type may indirectly influence work–family fit and mental health through higher job satisfaction and increased autonomy.

Married Couples’ Time Allocation Decisions and Marital Stability

The Panel Study of Income Dynamics (PSID), 1985–1992, are the data used to simultaneously examine the role of family stability to both market and household time allocation for both spouses and the role of couples’ time allocation in their probability of divorce. The study found that increases in the probabilities of divorce were only significantly correlated with decreases in wife’s housework time. It was also found by the study that increases in the husband’s market work hours and increases in the wife’s household work hours had negative effects on the probability of divorce.

Educational Attainment and the Lesbian Wage Premium

This paper provides insight into the wage gap between lesbians and heterosexual women. Using data from the 2000 Decennial Census, we find a lesbian premium that equals approximately 10% for women without a bachelor’s degree, and is nearly non-existent for women with higher levels of education. These findings are consistent with proposition that the gap between lesbians’ and heterosexual women’s commitment to the labor market narrows at higher levels of education. We also find that controls for industry and occupation exert only a small effect on the gap between lesbian and heterosexual women’s wages.

Did the legalization of abortion increase women’s household bargaining power? Evidence from labor supply

I estimate the impact of abortion legalization on spouses’ labor supplies to test whether legalization increased women’s household bargaining power, in a collective household behavior framework. Based on CPS data, I find that wives’ labor supply decreased and their husbands’ increased, which is consistent with the bargaining hypothesis. This contrasts with most studies of abortion and birth control technologies, which predict a labor supply effect only for women, and of opposite sign. Also consistent with the bargaining interpretation, I estimate no significant impact on anti-abortion religious couples or on those who regularly used contraceptives. PSID data yield supportive evidence.

The labor supply of married women and spousal tax deductions in Japan—a structural estimation

The Japanese tax system offers an opportunity to investigate the labor supply response of married women to the income tax and the intrahousehold resource allocation mechanism, since the deductible amount from the husband’s income decreases as the wife’s earnings increase. Using cross-section data, I structurally estimate the labor supply of married women under the piece-wise linear budget constraint created by the Japanese tax and social security system. I find that the wife’s labor supply response to her husband’s decreasing deduction tends to be greater than the response to her own income tax. This suggests that not only the unitary model is rejected but also that female labor is allocated inefficiently within a family. Finally, this study shows that the choice of household model affects the predicted effect of policy reform and that the currently proposed reforms will have less of an effect on the labor supply of married women than previous studies claim.

The Impact of American Media Exposure and Self-Esteem on Chinese Urban Adolescent Purchasing Involvement

This study based on a sample of 429 Beijing high school students shows that Chinese urban adolescents’ purchasing involvement can be predicted by the adolescents’ self-esteem. Individuals’ self-evaluation motivates them to get involved in family purchasing activities. This study suggests that Chinese consumer involvement is potentially shaped by both cognitive factors (e.g., self-esteem) and social factors (e.g., media use). However, the study indicates that exposure to American mass media does not have significant impact on adolescents’ family purchasing involvement. This finding raises possibilities for further investigation in the area. Limitations and suggestions for future studies are provided.

Use of Self in Cognitive Behavioral Therapy

Cognitive Behavioral Therapy (CBT) has not traditionally utilized “use of self” to describe the clinician’s role in counseling but much attention has been given to the importance of the therapeutic relationship and the components necessary and appropriate for a strong working alliance. The CBT approach is discussed within the framework of previously articulated five uses of selves. A case example is presented.

The working spouse penalty/premium and married women’s labor supply

Using data drawn from the Current Population Surveys, this paper provides a consistent explanation for why the presence of a working wife reduces the husband’s wage among managers, but increases the husband’s wage among non-managers. It is not husband’s occupation per se but rather the distribution of husbands’ wage levels that underlies the working spouse penalty or premium. Positive correlations in earnings between married couples that arise from assortative mating make the cross-wage effects of the husbands’ wages on the wives’ hours of work first positive, then negative in cross-sectional data. The phenomenon of a working spouse penalty/premium is simply the flip side of this relationship.

Bank Monitoring and Role of Diversification

I present a framework of banking in which banks’ main role is to monitor their borrowers. Within this framework I analyze the benefits of diversification and the threats of systemic risk and inter-bank competition. Diversification improves banks’ monitoring incentives. High systemic risk not only hampers banks’ monitoring incentives, but also makes diversification less effective. I also show that competition lowers monitoring incentives. I match the insights of the analysis with the abundant literature on the role of banks on the asset-side and provide some implications for recent developments in banking.

What is Adult Attachment?

This paper explores the concept of adult attachment. Although attachment theory is now getting a great deal of attention, there is not yet a clear picture of what it means to be attached in adulthood or what the clinical applications of the approach might be. Using Bowlby’s distinctive ethological-evolutionary framework and updating it with findings from neurobiology and attachment research, it is proposed there is an attachment behavioral system that operates throughout the lives of adults and that this changes the way we understand our clients’ distress and carry out psychotherapy.